The Bank of Canada (BOC) interest rate has officially gone one year without change. On October 30, 2019, the BOC announced the overnight interest rate is staying at 1.75%, the…
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The Financial Services Regulatory Authority of Ontario (FSRA) is consulting on its draft statement of priorities and budget. As of June 8, 2019, the FSRA assumed responsibility for regulating Ontario’s…
In a slow housing market, your purchase portfolio may not be performing as well as you would like. At a time like this, it may make sense to shift your…
October 18, 2019 In September the Teranet–National Bank National Composite House Price IndexTM was up 0.1% from the month before. As in the three previous months, the gain was below the…
The traditional method of mortgage underwriting has been as follows: A client comes in. The broker commits to a deal. The deal is underway, and a lender partner is involved….
June, July, and August 2019 revealed interesting Canadian home price trends — including the first Teranet-National Bank Composite House Price Index acceleration in nine months. We are digging into the…
As the spring/summer real estate season comes to a close, we are looking at the Canadian real estate trends it brought with it. What trends did you experience in your…
The second half of 2019 could be proving challenging for Canadian banks, according to a report from Fitch Ratings. Measures such as increasing the Domestic Stability Buffer, a flattening yield…
Private lenders are experiencing a golden moment in the Canadian housing market as stricter regulations are working in their favour. Many lenders, including Romspen, have reported higher revenues for 2018,…
Millennials offer a lot of opportunity for mortgage brokers and lenders; however, they can be difficult to target and understand. We are breaking down the barriers and providing marketing, underwriting,…
